If you’re strapped for cash, a loan might be all you need to get back on your feet. Whether it’s your child’s education, home renovation, a wedding in the family, or a medical emergency, a timely loan could be your ticket to stable finances and a better future.
Getting an instant loans is not all that difficult if you follow the guidelines set by the lender. Here’s a ready reckoner to simplify the process for you.
Get hold of your credit report
This is the first step. A credit score is a three-digit number that reflects your credit behavior. Lenders look for it to ensure they are lending to an individual who can repay the loan. You can check your credit score by logging onto the CIBIL website, keying in a few details – Date of Birth, PAN, etc. Remember, any score above 700 increases your chances of getting a loan. Once you apply for the loan, it can be just a matter of hours before the money is in your account.
Know your financial requirements
While there are several borrowing options to consider within the financial market, financial requirements will differ from individual to individual. Likewise, no two financial solutions will be the same for each individual. For example, one individual may want to purchase a car, while another individual would want to purchase a two wheeler. In either case, one can opt for a Car Loan or a Two Wheeler Loan. Similarly, there are other specific loans for specific requirements such as, Business Loans, Gold Loans and more, which is available within a few seconds to a few hours. You also have loan options that allow you to borrow funds without providing a form of security or collateral.
A Personal Loan is one option you can consider, especially with 10 second disbursal tenure for select pre –approved customers, and 4 hours for non – HDFC Bank customers. Moreover, with EMI’s starting at Rs. 2149 per lakh, you don’t have to worry about any financial stress of taking a loan. It also comes with a flexible repayment tenure of up to 60 months, making it easy to plan your repayment.
Want to know more how Personal Loans can benefit you? Read more!
Instant Loans
You could find yourself in a situation where you need money urgently. For example, someone in your family may need immediate surgery. What would you do? If you thought applying for a loan is a tedious exercise, think again. These days you have several alternatives to get an immediate loan.
You can easily approach the bank and get the loan required. But now you can even apply for the loan online, and get it instantly credited to your account within a matter of hours to seconds. Such loans do not require any documentation, as you may be pre – approved for it, which is why they are disbursed much faster that other loans.
HDFC Bank, for instance, has pre-approved loans. If you have an HDFC Bank Account, you can get such a loan credited to your account in seconds, which can be a godsend when you need money at once. You even have other alternate loan options such
- Personal/Business Loan
- Car Loan
- Two Wheeler Loan
- Loan against Credit Card
- Top up Loan on Car/TWL/PL
- Loan against Securities/Mutual Funds
Going the EasyEMI way
Ever wanted to purchase any lifestyle related product or service, but didn’t have the finance to do so? EasyEMI is one option you can consider. Through EasyEMI, you can now purchase your favourite phone, smart television, modular kitchens, or even lifecare products such as hair transplants and dental care. You can easily take advantage of the easy repayment instalments through your Credit Card or Debit Card, which can be availed both online as well as offline. If you want to avail EasyEMI offline, you can always approach your closest branch and opt for a Consumer Loan.
You may need urgent cash at any time, especially when you aren’t expecting it. This is when instant loans come in handy. They are fast, need minimal paperwork, and are credited to your account with minimum delay. Moreover, with flexible EMI values and attractive interest rates, your loan repayment will be convenient and stress free. In case you are an existing HDFC Bank customer you can check your loan eligibility instantly by sending MYHDFC to 5676712.
Looking to apply for a Personal Loan? Click here to get started
Want to know more how Personal Loans can benefit you? Read more!
*Terms and conditions apply. Personal Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement